Board of Directors

Mauritius Holding Company Board of Directors

Independent Non-Executive Director
OLIVIER BEROUD

Olivier Beroud has extensive experience in rating agencies and banking. He was until recently Managing Director, Head of EMEA for Moody’s, based in London, where he was responsible for the Rating Agency’s strategy and operations. He was previously a Managing Director in Moody’s corporate ratings business. Olivier ran Barclays Banks Plc’s Ratings Advisory Group from 2006 to 2011 and prior to that, he spent 10 years at Standard & Poor’s as a senior analyst and worked as a banker for Natixis and as a consultant for Moore Stephens. He has a MBA from Cass Business School. Olivier currently runs his own pension consultancy, and is a visiting professor at the London Institute of Banking and Finance. He is a board member on a variety of organizations in the rating, trade finance and charity sectors. Olivier specializes in training on topics such as credit ratings and rating systems, corporate finance, corporate governance and financial analysis. He sits on the audit and assurance committee of the Financial Reporting Council in London and lectures in risk and corporate governance at Skema business school as well as at the London Institute of Banking and Finance. He is a trustee and chair of the risk committee on the Stratford Art Trust. He has provided training to senior executives all over the world and coached board members.

Independent Non-Executive Director
SANTOSH GUJADHUR

Mr. Santosh K. Gujadhur was the co-founder and director of GFin Corporate Services Ltd (“GFin”). Mr Santosh K. Gujadhur is now the Managing Director of Apex Fund & Corporate Services (Mauritius) Ltd (“AFCS”) since February 2021 as well as member on the Board of AFCS. He has been on the board of investment funds and investment companies that have deployed in excess of $15 billion in venture, debt or equity capital participations. Prior to the set-up of GFin in 2010, he was a corporate associate in the New York office of Sidley Austin LLP, where he focused his practice on capital markets and equity derivatives transactions and general corporate transactional work. Prior to that, he worked at Clarel Benoit Chambers, one of the band-1 rated firms in Mauritius by Chambers and Partners (UK). He has extensive experience in interacting with lawyers, tax advisers and boards of directors of funds/ SPVs in various jurisdictions to structure, close and maintain investment vehicles. He received his Doctor of Law degree, with a concentration in Business Law and Regulation, from Cornell University and a B.S.C in Biochemistry from Boston College. Mr. Gujadhur is also a licensed legal practitioner and is admitted to the New York State bar in the USA.

Independent Non-Executive Director
TEJ GUJADHUR

Mr. Tej Gujadhur co-founded GFin Corporate Services Ltd (“GFin”) in Mauritius and that is now fully integrated into Apex Group as from February 2021. Mr Tej Gujadhur is now a member of the Board of Apex Fund & Corporate Services (Mauritius) Ltd (“AFCS”) following an acquisition by Apex Consolidation Entity Ltd(“ACEL”) of GFin on February 15, 2021 whereby GFin changed its name to AFCS. Prior to the set-up of GFin in 2010 and acquisition of GFin by ACEL in 2021, Mr Tej Gujadhur was the Chief Financial Officer (“CFO”) of Apollo Management’s European distressed and principal finance business. He has been in the financial sector of Europe and USA for 16 years, with a focus on the private equity and hedge fund industries in London, Dublin and New York both as a senior manager with Ernst & Young and senior in-house positions. He has also been CFO of The Children’s Investment Fund and its affiliates, with assets in excess of $15billion. Mr. Gujadhur received his MA in International Banking and Financial Services from the University of Reading, UK and a BSc. (Hons) in Computational Science and Economics from the University of Leeds, UK. Mr. Gujadhur is a Chartered Accountant from the Institute of Chartered Accountants of England and Wales. Mr Gujadhur continues to serve several asset managers as a board director in Europe and India.

Non-Executive Director
MONICA MERLI

Non-Executive Director
DAVID CHARLES KING

Dave King is a former member of the Technical Advisory Committee of the South African Institute of Chartered Accountants. Prior to co-founding the debt ratings initiative in Africa in the early 1990’s, he was a senior manager with one of the major South African banks. His expertise lies in the field of credit and strategic risk analysis, with over 25 years senior management experience in this field, including 24 years with a credit rating agency.

Non-Executive Director
SCOTT PHILLIPS

Scott Phillips is Head of Strategy for the Europe, Middle East and Africa (EMEA) region at Moody’s Investors Service (MIS). Responsible for originating, executing and managing investments in domestic credit rating agencies and other regional strategies. Graduated in Molecular & Cellular Biochemistry from the University of Oxford (MBiochem).

Non-Executive Director
BRUCE STEEN

Bruce Steen is a senior investment professional with 3 years accounting, and a further 11 years of private equity experience in both developed and emerging markets. He is currently a Director for Sub-Saharan Africa at the Carlyle Group, where he is responsible for sourcing and evaluating private equity investment opportunities. Bruce is a founding member of Carlyle’s Africa Fund, and is involved in all aspects of raising and staffing the fund. Bruce is a Chartered Accountant and Chartered Financial Analyst.

Executive Director
MARC JOFFE

Marc Joffe is GCR's Chief Executive Officer, and is responsible for the Rating Agency’s strategy and operations for Africa. He has more than twenty years of experience in the credit rating industry, all served at GCR, and spanning multiple sectors and countries across the African continent. Marc also previously held various senior analytical roles at GCR. He has a Bachelor of Commerce Degree in Business Economics from the University of the Witwatersrand.